Back to Market Portfolio 4 Buildings | 7 Units

Highlights:

• Built in 1992/1958/1959
• Significant Upside in Rents
• Unmatched Rental Market
• Steps from UCSB
• New Water Heaters
• Copper Plumbing Throughout

Description:

The LAAA Team of Marcus & Millichap is proud to present this extremely rare and unique portfolio offering of 7 total units on 4 different lots, all of which are in the dense, student populated, UC Santa Barbara, Isla Vista community of Santa Barbara County, and are all conveniently located within 2 blocks of one another. This 4-property, 7-unit portfolio is comprised of three duplexes, all of which contain 2-bed units, and one large, approx. 2,500 SF, 5-bed/4-bath house equipped with modern finishes, a large, fenced yard, and a rooftop deck with 360 degree views of the Santa Barbara mountains and coastline – the only one of its kind in Isla Vista. Each of the properties are either on Del Playa or Sabado Tarde, which are oceanfront, and one street off of oceanfront, respectively. Year after year, Del Playa and Sabado Tarde are the most highly sought-after streets among prospective tenants and consistently yield the highest rents in the Isla Vista community.